Which of the following is true about debit cards?(1 point)

Question

Responses

When you use one, the money is taken directly from your bank account.
When you use one, the money is taken directly from your bank account.

You can run up huge debts if you don’t pay the balance off quickly.
You can run up huge debts if you don’t pay the balance off quickly.

They are issued by networks such as Visa.
They are issued by networks such as Visa.

They usually charge a lower interest rate than credit cards.

Answer 1

The statement that is true about debit cards is:

When you use one, the money is taken directly from your bank account.

Debit cards allow you to spend money that you have in your bank account without incurring debt, unlike credit cards, which can lead to debt if balances are not paid off.